Everest Re Group (RE)
Everest Re Group Tangible Common Equity Ratio: 33.03%
View RE Tangible Common Equity Ratio with YCharts Pro.
Access these YCharts Pro features:
Export any data you want
Save any chart as an image
Utilize advanced screener power
View 30 years of financial history
over 90 advanced calculations
Enjoy an advertising free experience
RE Tangible Common Equity Ratio Rankings
| Overall | 53rd percentile | 2037 of 4390 |
| Sector | 26th percentile | 644 of 872 in Financial |
| Industry | 17th percentile | 66 of 80 in Property & Casualty Insurance |
RE Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 29.00% | Sep 2008 |
| Maximum | 34.18% | Dec 2010 |
| Average | 32.00% |
About Tangible Common Equity Ratio
The tangible common equity (TCE) ratio is a useful number to gauge leverage of a financial firm. Specifically, it answers the question: "How much can the value of a bank's assets fall before the entire value of tangible* common equity is wiped out?"
For example, assume a bank as a TCE ratio of 5%. If the value of all of the banks assets fell by 5%, theoretically stockholders would no longer have a claim on the bank's tangible assets.
Another way of thinking about the TCE ratio of 5% is that the remaining 95% of the bank's tangible assets have been purchased using loaned funds that the bank must repay.
This ratio is worth spending time with. Once investors understand its implications, they rarely look at banking businesses the same way.
* The word tangible, in accounting, essentially means anything that can be touched or traded. Cash, buildings, accounts receivable, inventories and stock holdings of a business are all tangible assets. Trade secrets, patents, copyrights, and goodwill are not tangible assets, even though they may have value.
Learn More
You may also be interested in these RE related companies
RE News
about 8 days ago by azendrian
May 18, 2:07PM Street Insider
May 09, 4:29PM Street Insider
about 29 days ago by ajb_2010
about 30 days ago by ajb_2010
Apr 26, 5:59PM Seeking Alpha
about 36 days ago by earningscast
about 49 days ago by Urbane_Gorilla
Mar 20, 4:05PM Business Wire
Feb 22, 4:37PM Street Insider
about 99 days ago by Benzinga
Feb 22, 4:10PM Benzinga
Feb 22, 4:05PM Business Wire
Feb 09, 7:51PM Seeking Alpha
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| RE | 102.12 | +0.90 | +0.89% | 5.440B |
| QPSA | 2.93 | -0.06 | -2.01% | 108.24M |
| QMM | 0.44 | +0.01 | +1.15% | 66.26M |
| QLTY | 10.62 | +0.23 | +2.21% | 280.22M |
| QLTI | 7.61 | +0.03 | +0.40% | 371.12M |
| QLT | 23.95 | +0.23 | +0.97% | |
| QLIK | 22.73 | -0.40 | -1.73% | 1.954B |
| QLGC | 13.61 | -0.20 | -1.45% | 1.363B |
| QLD | 49.87 | -0.43 | -0.85% | |
| QIHU | 20.00 | -0.53 | -2.58% | 702.54M |
